Government debt swelled in October even as the peso's depreciation against the US dollar provided some relief, data from the Bureau of the Treasury showed. The government's outstanding debt as of end-November stood at P14.48 trillion, an increase of P212.13 billion compared to the September figure...
The national government partially awarded its short-term debt papers as yields increased following the previous week's decline. The Bureau of the Treasury failed to meet its P11.2 billion target, managing to raise only P9.685 billion. The total bids received during the auction amounted to P34.372...
The government's portion of the Philippine Amusement and Gaming Corp. (Pagcor) revenues jumped in the first 10 months of the year, but it remained below the pre-pandemic level. The government's gaming regulator and operator contributed P27.17 billion between January and October, meeting the...
State-owned companies had their budgetary support reduced in October as the government did not provide financial aid to the Philippine Health Insurance Corp. (PhilHealth) during the month. Data from the Bureau of the Treasury showed that subsidies to government-owned and -controlled corporations...
The Bureau of the Treasury Bureau said the government plans to enable retail investors to access tokenized bonds in the future to advance financial inclusion and strengthen market liquidity. Deputy Treasurer of the Philippines Erwin D. Sta. Ana said the issuance of tokenized treasury bonds (TTBs)...
Due to the holiday season, the national government has scaled back its domestic borrowing plan for the month of December. Data from the Bureau of the Treasury showed that the Marcos administration intends to borrow just P60 billion next month, a substantial decrease from November's P225 billion....
The government's maiden borrowing in the Islamic debt market drew an overwhelming response from investors, supported by the Philippines’ robust economic fundamentals. In a statement on Thursday, Nov. 30, the Bureau of the Treasury announced that the government successfully raised $1 billion from...
The Marcos administration was able to cut the budget deficit by more than half for the year due to strong revenues, data from the Bureau of the Treasury revealed. The fiscal gap of the national government amounted to P34.4 billion last month, showing a 65 percent decrease compared to P99.1 billion...
Short-term benchmark interest rates sharply dropped anew, now below the local policy rate of 6.50 percent. At the Bureau of the Treasury auction on Tuesday, Nov. 28, the national government fully awarded its P10 billion offering. Total demand reached P72.215 billion, more than seven times higher...
The Department of Finance (DOF) said the government’s first-ever sukuk bond offering will be settled by the middle of December this year. In a briefing on Tuesday, Nov. 28, Finance Secretary Benjamin E. Diokno said the Bureau of the Treasury has just announced the sukuk bond issuance, noting that...
Metropolitan Bank & Trust Co. (Metrobank) has been recognized by the Bureau of the Treasury (BTr) as among the 10 Top Market Maker for Government Securities Eligible Dealers (GSED) for 2024. In a statement, the bank said it brings home the title for the third consecutive year in...
The Marcos administration has mandated banks to oversee the Philippines’ first Islamic bond sale, aiming to raise at least half a billion dollars to aid in funding the government's budget shortfall. Based a document released by the Department of Finance (DOF), the national government is preparing...
